Blue Owl Capital CorpBlue Owl Capital Corp
Blue Owl Capital Corp

Blue Owl Capital Corp

OBDC
Financials·Financial Services

Blue Owl Capital Corp. seeks investment opportunities in middle market companies located in the United States with an EBITDA of USD 10-250 million and revenues of USD 50-2500 million. The fund focuses on broad range of sectors and industries. It provides financing in the form of senior secured, unsecured loans, subordinated loans, mezzanine loans, and to a lesser extent, equity-related securities & warrants for growth, acquisitions, market, product expansion, re-financings and recapitalizations with an investment size of USD 20-250 million. It also acts as a lead investor. The company was founded on October 15, 2015 and is headquartered in New York, NY.

New York; U.S.A
Market cap
No dataNo data
Revenue
$633.1M+6.2% YoY
Net income
$627.4M+5.5% YoY
Free cash flow
$1.7B+987.0% YoY

Market

Listed stock
OBDCPriceNYSE
Loading…Loading…1Y

Financial performance

Revenue
$633.1M+6.2% YoY
Operating income
$191.6M−12.2% YoY
Net income
$627.4M+5.5% YoY
Free cash flow
$1.7B+987.0% YoY

Revenue, profit & cash trend

Revenue
Operating income
Net income
Free cash flow
Reference
Revenue: 2021 $1B, 2022 $571.8M, 2023 $661.1M, 2024 $596.2M, 2025 $633.1M. Operating income: 2021 $713.3M, 2022 $241M, 2023 $283M, 2024 $218.3M, 2025 $191.6M. Net income: 2021 $624.9M, 2022 $466.4M, 2023 $793.3M, 2024 $595M, 2025 $627.4M. Free cash flow: 2021 $-1.2B, 2022 $217.3M, 2023 $1.1B, 2024 $160.2M, 2025 $1.7B. Reference line: Reference at $0.

Growth & profitability

Revenue growth
6.2%+1602 bps YoY
Gross margin
No dataNo data
Operating margin
No dataNo data
FCF margin
No dataNo data

Earnings power over time

Operating income
Net income
Free cash flow
Operating income: 2021-12-31 $713.3M, 2022-12-31 $241M, 2023-12-31 $283M, 2024-12-31 $218.3M, 2025-12-31 $191.6M. Net income: 2021-12-31 $624.9M, 2022-12-31 $466.4M, 2023-12-31 $793.3M, 2024-12-31 $595M, 2025-12-31 $627.4M. Free cash flow: 2021-12-31 $-1.2B, 2022-12-31 $217.3M, 2023-12-31 $1.1B, 2024-12-31 $160.2M, 2025-12-31 $1.7B

Growth heatmap

2022202320242025CAGR
Revenue
-44.0%
+15.6%
-9.8%
+6.2%
-11.3%
Gross profit
-22.6%
+15.6%
-9.8%
+6.2%
-3.8%
Operating income
-66.2%
+17.4%
-22.9%
-12.2%
-28.0%
Free cash flow
+117.7%
+422.7%
-85.9%
+987.0%
No data

Earnings quality

Operating cash flow
$1.7B+987.0% YoY
Net income
$627.4M+5.5% YoY
Free cash flow
$1.7B+987.0% YoY
Diluted EPS
No dataNo data

Cash conversion quality

Operating cash flow
Free cash flow
Net income = 100%
Operating cash flow: 2025-12-31 278%, 2024-12-31 27%, 2023-12-31 143%, 2022-12-31 47%, 2021-12-31 -196%. Free cash flow: 2025-12-31 278%, 2024-12-31 27%, 2023-12-31 143%, 2022-12-31 47%, 2021-12-31 -196%. Reference line: Net income = 100% at 100%.

Per-share economics

Diluted EPS
Latest
No data
FCF / share
Latest
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Diluted shares
Latest
No data

Financial flexibility

Cash & equivalents
No dataNo data
Total debt
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Net debt
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Current ratio
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Cash Coverage of Debt

Cash / Total debt
No data

Returns

Return on equity
No dataNo data
Return on assets
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Return on invested capital
No dataNo data
Asset turnover
No dataNo data

Return on capital

No data

Valuation

Price to earnings
No dataNo data
Price to sales
No dataNo data
EV / EBITDA
No dataNo data
Free cash flow yield
No dataNo data

Valuation vs its own 5Y history

Metric
Own five-year range
Current
Own 5Y median
Position in own range
Price to earnings
No data
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Price to sales
No data
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EV / EBITDA
No data
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Free cash flow yield
No data
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